In order to reflect balance, I was correctly quoted in the UK last night as saying
Graham Critchley, who is the convenor of a group of Paperlinx hybrid shareholders, said: "It just could be the case that Andrew is sufficiently left of field to make the sort of changes that will really return profits."
See http://www.printweek.com/Companies_and_suppliers/article/1212418/new-ceo-paperlinx/
The danger of "one man bands" is hubris, or key man risk.
What if Andrew dies? Has he left a competent team or a mess?
You mention "independent directors". This was part of PIGS' requirements for conversion at 78.8%.
Interesting times
Give me a call sometime. I'm always available.
SRS Price at posting:
5.4¢ Sentiment: None Disclosure: Not Held